Goughglen Limited - Accounts to registrar - small 17.2

Goughglen Limited - Accounts to registrar - small 17.2

GOUGHGLEN LIMITED - Company Information

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REGISTERED NUMBER: 01542718 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

GOUGHGLEN LIMITED

GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOUGHGLEN LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2017







DIRECTORS: M.W. Seaman-Hill
D. Brown





SECRETARY: M.W. Seaman-Hill





REGISTERED OFFICE: Suite 2, 1st Floor
Fountain House
1A Elm Park
Stanmore
Middlesex
HA7 4AU





REGISTERED NUMBER: 01542718 (England and Wales)





ACCOUNTANTS: Donald Jacobs & Partners
CHARTERED ACCOUNTANTS
Suite 2, Fountain House
1a Elm Park
Stanmore
Middlesex
HA7 4AU
Page 1
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

BALANCE SHEET
28 February 2017

28.2.17 28.2.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 5 5
Investments 4 10,023 10,023
Investment property 5 207,131 124,196
217,159 134,224

CURRENT ASSETS
Debtors 6 239,907 249,950
Cash at bank 10,210 14,144
250,117 264,094
CREDITORS
Amounts falling due within one year 7 8,983 8,786
NET CURRENT ASSETS 241,134 255,308
TOTAL ASSETS LESS CURRENT
LIABILITIES
458,293
389,532

PROVISIONS FOR LIABILITIES 16,587 -
NET ASSETS 441,706 389,532

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 82,935 -
Retained earnings 358,671 389,432
SHAREHOLDERS' FUNDS 441,706 389,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

BALANCE SHEET - continued
28 February 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 July 2017 and were signed on its behalf by:





M.W. Seaman-Hill - Director


The notes form part of these financial statements

Page 3
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2017

1. STATUTORY INFORMATION

Goughglen Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair
value is recognised in profit or loss.

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 29 February 2016
and 28 February 2017 80
DEPRECIATION
At 29 February 2016
and 28 February 2017 75
NET BOOK VALUE
At 28 February 2017 5
At 28 February 2016 5

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 29 February 2016
and 28 February 2017 10,023
NET BOOK VALUE
At 28 February 2017 10,023
At 28 February 2016 10,023

Page 4 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2017

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 February 2016 124,196
Revaluations 82,935
At 28 February 2017 207,131
NET BOOK VALUE
At 28 February 2017 207,131
At 28 February 2016 124,196

Cost or valuation at 28 February 2017 is represented by:

£   
Valuation in 2017 82,935
Cost 124,196
207,131

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 28.2.16
£    £   
Other debtors 239,907 249,950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 28.2.16
£    £   
Taxation and social security - 1,191
Other creditors 8,983 7,595
8,983 8,786

8. RESERVES
Revaluation
reserve
£   
Transfer on revaluation 82,935

At 28 February 2017 82,935

9. ULTIMATE CONTROLLING PARTY

M. W. Seaman-Hill and D. Brown control the company by virtue of holding 100% of the issued share capital.

Page 5